Guinea

Guinea

Global Trade Profile โ€ข Rank #83 Exporter

$17.95B

Total Exports (2023)

$6.74B

Total Imports (2023)

$11.21B

Trade Surplus

#83

Export Ranking

Trade Flow Visualization

Interactive map showing Guinea's top trading partners. Green lines represent exports, red lines represent imports.

#83

Export Rank

$17.95B

Total Exports

$6.74B

Total Imports

+$11.21B

Trade Balance

28

Trade Partners

๐ŸŒ Top Export Destinations

Top Export Products

#1Metals: gold, non-monetary, unwrought (but not pow...
53.8%$9.65B
#2Aluminium ores and concentrates
42.4%$7.62B
#3Cocoa beans: whole or broken, raw or roasted
1.2%$215.82M
#4Oils: petroleum oils and oils obtained from bitumi...
0.4%$79.81M
#5Nuts, edible: cashew nuts, fresh or dried, in shel...
0.4%$73.26M
#6Petroleum gases and other gaseous hydrocarbons: li...
0.3%$46.41M
#7Flours, meals and pellets: of fish or of crustacea...
0.2%$33.65M
#8Ferrous waste and scrap: n.e.c. in heading no. 720...
0.1%$21.92M
#9Copper: waste and scrap
0.1%$14.51M
#10Rubber: natural (excluding latex, technically spec...
0.1%$14.45M

๐Ÿ“ฅ Top Import Sources

Top Import Products

#1Petroleum oils and oils from bituminous minerals, ...
11.5%$771.72M
#2Cereals: rice, semi-milled or wholly milled, wheth...
4.8%$325.07M
#3Cereals: wheat and meslin, other than durum wheat,...
1.8%$123.73M
#4Sugars: sucrose, chemically pure, in solid form, n...
1.8%$122.84M
#5Cigarettes: containing tobacco
1.6%$108.43M
#6Motorcycles (including mopeds) and cycles: fitted ...
1.6%$105.72M
#7Vegetable oils: palm oil and its fractions, other ...
1.5%$101.72M
#8Footwear: n.e.c. in heading no. 6402, (other than ...
1.4%$95.55M
#9Telephones for cellular networks or for other wire...
1.4%$95.03M
#10Vehicles: compression-ignition internal combustion...
1.2%$80.28M

๐Ÿ“ˆ Historical Trade Trends (1995-2023)

29 Years

Data Coverage

29

Data Points

๐Ÿ“ˆ

Trend Direction

Guinea Trade Analysis 2023

๐Ÿ“Š Overview

#83
Global Export Rank
24.69B
Total Trade Volume
0.12%
Share of Global Trade

Guinea stands as the world's #83 largest exporter and #132 largest importer, demonstrating emerging market dynamics.

The trade profile reveals a robust surplus of 11.21 billion, indicating strong export competitiveness.

โœ“
Strong trade surplus exceeding 62.5% of exports provides currency stability and foreign reserve accumulation.
17.95B
Total Exports
6.74B
Total Imports
2.66
Export/Import Ratio

The country maintains active trading relationships with 20 major partners, creating a highly diversified trade network.

Monthly trade flows average $2.06B, generating continuous economic activity across logistics, finance, and trade services.

๐Ÿšข Export Markets

United Arab Emirates
China
India
Switzerland
Spain
Others

Export Market Concentration

35.7%
$6.41B
8.1%$1.45B
1.3%$240.93M
1.0%$184.16M
0.6%$107.98M
0.6%$99.03M
13 others
2.0%$364.28M

Export concentration shows United Arab Emirates as the dominant market at 50.4%. The top three markets control 94.2% of exports.

โš ๏ธ

Market Concentration Risk

Heavy reliance on United Arab Emirates (50.4% of exports) creates vulnerability to bilateral tensions or economic downturns in that market.
96.6%
Top 5 Markets
98.8%
Top 10 Markets
20
Total Partners

Regional patterns reveal globally balanced access. Secondary markets (Netherlands, Ireland, Indonesia) provide $403.67M in additional trade.

๐Ÿ“ฆ Import Sources

Import Source Concentration

39.2%
$2.64B
9.4%$636.59M
6.7%$449.80M
6.2%$415.87M
3.0%$205.47M
2.6%$176.29M
13 others
21.0%$1.41B

Guinea relies heavily on China for imports (39.2%),creating supply chain concentration risk.

Energy suppliers including United Arab Emirates (282.11M) collectively provide 282.11 million or 4.2% of imports, highlighting the economy's dependence on imported energy resources.

Manufacturing inputs come primarily from China, Indonesia, reflecting deep integration into Asian production networks. China's dominant position at 2.64 billion encompasses electronics components, textiles, machinery parts, and consumer goods, creating both efficiency benefits and concentration risks.

The USA provides 165.83 million (2.5%) in imports, concentrated in agricultural products, aircraft, pharmaceuticals, and advanced technology.The top 10 import sources account for 78.5% of total imports, with the remaining 22% distributed among 10 other suppliers.

Regional sourcing patterns reveal diversified global sourcing. European suppliers including Netherlands (449.80M), Belgium (415.87M), Germany (205.47M) focus on luxury goods, machinery, and specialized chemicals.

Supply chain resilience strategies increasingly emphasize "China Plus One" approaches, with Indiaemerging as alternative manufacturing bases. The geographic proximity of major suppliers balances efficiency with risk diversification.

๐Ÿ“ฆ Product Composition

๐Ÿš€ Export Products

Top Export Products

gold, non-monetary, unwrought (but not powder)...
53.8%
$9.65B
Aluminium ores and concentrates
42.4%
$7.62B
whole or broken, raw or roasted
1.2%$215.82M
petroleum oils and oils obtained from bituminous m...
0.4%$79.81M
cashew nuts, fresh or dried, in shell...
0.4%$73.26M
3 others
0.6%$101.99M

Guinea's export economy centers on diversified industrial production, with the leading export being gold, non-monetary, unwrought (but not powder)at $9.65 billion, accounting for 53.8% of total exports.

Electronics, semiconductors, and machinery contribute 6.49 million or 0.0% of exports.

The automotive sector's dominance is evident in the export portfolio, with . This automotive specialization reflects decades of manufacturing excellence, continuous innovation in fuel efficiency and hybrid technology, and established global brand recognition.

The transition to electric and hybrid vehicles is captured in export data, with 1 categories specifically related to alternative propulsion systems, totaling $6.49M.

Beyond automotive, Guinea maintains strong positions in specialized equipment, electronic components (6.49M), and Metals, Aluminium ores and concentrates, Cocoa beans.

The top 20 export products collectively account for 99.6% of total exports, revealing moderate concentration with room for further diversification.

๐Ÿ›’ Import Products

Top Import Products

preparations n.e.c. containing by weight 70% or mo...
11.5%$771.72M
rice, semi-milled or wholly milled, whether or not...
4.8%$325.07M
wheat and meslin, other than durum wheat, other th...
1.8%$123.73M
sucrose, chemically pure, in solid form, not conta...
1.8%$122.84M
containing tobacco
1.6%$108.43M
3 others
4.5%$302.99M

Energy dominates Guinea's import profile, with fossil fuels accounting for 771.72 million or 11.5% of total imports. Crude oil leads at 771.72 million (11.5%), followed by natural gas and coal. This energy import dependency shapes economic policy, inflation dynamics, and strategic relationships with supplier nations.

Beyond energy, critical imports include rice, semi-milled or wholly milled, whet... (325.07M, 4.8%), wheat and meslin, other than durum wheat... (123.73M, 1.8%), sucrose, chemically pure, in solid form,... (122.84M, 1.8%), containing tobacco (108.43M, 1.6%), fitted with an auxiliary motor, reciproc... (105.72M, 1.6%).Electronic components and devices total 140.14 million (2.1% of imports), supporting domestic manufacturing and assembly operations. Pharmaceutical products represent 47.07 million (0.7%), reflecting healthcare sector demands.

The import product mix reveals structural characteristics of Guinea's economy: integration into global electronics supply chains, food security dependencies, and sophisticated consumption patterns.

The ratio of raw materials to finished goods in imports (10 : 10among top 20 products) indicates balanced import composition. Import substitution potential exists in agriculture sectors through targeted industrial policies and investment.

Product diversification metrics reveal focused product specializationwith implications for economic resilience and growth potential. The technology ladder progression from 12 primary products to 1 high-tech goods indicates the economy's structural transformation and industrial upgrading trajectory.

Value addition opportunities exist in transitioning from raw material exports to processed goods, from components to finished products, and from standard to customized offerings. The product space connectivity, measuring relatedness between current exports and potential new products, suggests need for capability building to enter new product categories.

โš–๏ธ Trade Balance Dynamics

+11.21 billion
Trade Surplus โ€ข 45.41% of total trade
PartnerExportsImportsBalance
United Arab Emirates$9.05B$282.11M+$8.77B
China$6.41B$2.64B+$3.77B
India$1.45B$636.59M+$811.14M
Netherlands$107.98M$449.80M$-341.82M
Belgium$8.62M$415.87M$-407.25M

Export-to-import ratio of 2.664 means exports cover 266.4% of import costs.

๐Ÿ”— Key Relationships

Major Trading Partners

PartnerExportsImportsBalance
United Arab Emirates$9.05B$282.11M+$8.77B
China$6.41B$2.64B+$3.77B
India$1.45B$636.59M+$811.14M
Netherlands$107.98M$449.80M$-341.82M
Belgium$8.62M$415.87M$-407.25M
Spain$184.16M$112.40M+$71.77M
Germany$66.46M$205.47M$-139.01M
Switzerland$240.93M$0+$240.93M
Total$17.52B$4.75B+$12.77B

The Guinea-United Arab Emirates relationship leads at 9.33 billion in bilateral trade.View detailed analysis โ†’

Additional major partnerships include India (2.08B total trade), Netherlands (557.78M total trade), Belgium (424.49M total trade). Regional integration through Asian supply chains facilitates technology transfer, market access, and production efficiency. The diversity of trading relationshipsโ€”22.66B across top 10 partnersโ€”provides resilience against bilateral tensions and regional disruptions.

๐Ÿ† Competitive Position

Global rankings position Guinea as the #83 exporter worldwide,in the developing trader category. The country's share of global exports at approximately 0.180%offers opportunities for market share expansion.

Export sophistication, measured by the dominance of technology-intensive products, indicates advanced industrial capabilities. The revealed comparative advantage (RCA) index shows strongest competitiveness in sectors where Guinea's global market share exceeds its overall trade share by factors of 2 or more.

Competitive advantages emerge in sectors where export concentration exceeds import share, particularly ingold, non-monetary, unwro, Aluminium ores and concen, whole or broken, raw or r. The revealed comparative advantage is strongest in product categories representing97.4% of exports. Market positioning against regional competitors shows niche specialization opportunities.

Trade complementarity with major partners suggests regional production network participation. The export quality ladder, comparing unit values to world averages, indicates competitive pricing strategies.

Competitive dynamics are shaped by factor endowments including cost advantages and resource availability, infrastructure quality, and business environment. The export survival rate, measuring the persistence of export relationships over time, suggests need for relationship strengthening.

Innovation capacity, reflected in the technology content of exports and R&D intensity, determines long-term competitiveness trajectories. The competitive threat from emerging exporters in similar product categories requires continuous upgrading and differentiation strategies to maintain market position. Regional integration through trade agreements provides preferential access to0 markets, creating competitive advantages over non-member competitors.

๐ŸŽฏ Strategic Outlook

โ„น๏ธ

Strategic Priority

Market diversification is critical to reduce dependency on United Arab Emirates, which accounts for 50.4% of exports.

The trade profile presents both opportunities and challenges for economic development strategy. Key strengths include consistent trade surpluses supporting macroeconomic stability,diversified market access reducing concentration risk, and competitive positions in high-value manufacturing.

Vulnerabilities include excessive reliance on single export markets. The intersection of these factors creates a complex strategic landscape requiring careful navigation to maximize opportunities while mitigating risks.

Strategic priorities should focus on market diversification and value chain upgrading to enhance trade competitiveness. Opportunities exist in expanding trade with Tรƒยผrkiye, Malaysia, Japan, developing new product capabilities in adjacent product categories, and strengthening regional integration through new partnership frameworks.

The digital transformation of trade, including e-commerce, digital services, and blockchain-based trade finance, offers new avenues for market access and efficiency gains. Green trade opportunities in renewable energy, sustainable products, and carbon markets represent growing segments aligned with global sustainability goals.

The evolving global trade environment, characterized by technological disruption, geopolitical realignment, and sustainability imperatives, will fundamentally reshape Guinea's trade prospects. Success requires balanced policies addressing both maintaining export competitiveness while managing currency appreciation pressures.

Investment in infrastructure, education, and innovation ecosystems will determine the ability to climb value chains and capture larger shares of global value addition. The resilience agenda, emphasizing supply chain robustness, strategic autonomy in critical sectors, and economic security considerations, must be balanced with efficiency and openness principles.

As global trade patterns continue evolving, Guinea's position as the world's #83 exporter provides a platform for continued growth, requiring adaptive strategies, institutional strengthening, and sustained commitment to competitiveness enhancement in an increasingly complex and interconnected global economy.

Data Notes

Data from CEPII BACI database, harmonized using UN Comtrade methodology. All values in current USD at 2023 exchange rates. Trade statistics cover merchandise goods only, excluding services. Mirror statistics reconciliation applied for data consistency. 2024 data available January 2026. HS6 product classification follows 2017 revision.

Data source: CEPII BACI | Last updated: January 2025 | Next update: January 2026